The Middle East Drilling Services Market by Service Type (Contract Drilling, Directional Drilling, LWD, Drilling Waste Management), By Application (Onshore and Offshore) by Country – Trends and Forecast to 2019

The purpose of this report is to define, describe, and forecast the Middle East drilling services market. It involves a deep dive analysis of the market segments, which are based on application, service type, and country. The report also provides insights into the competitive landscape of the market through a strategic analysis of the key market players. The drilling services market, in terms of type, has been segmented into contract drilling, directional drilling, LWD, and drilling waste management. Contract drilling services segment accounted for the largest share of 96.9% in the Middle East drilling services market in 2014.

The oil and gas industry relies heavily on drilling to explore offshore areas, facilitate development in environmentally sensitive areas, and provide production enhancement through horizontal and directional drilling.

The Middle East drilling services market was valued $63,417.4 million in 2014, and is projected to grow at a CAGR of 3.9% to reach a market size of $76,909.5 million by 2019. The demand for energy is increasing at a growing pace while several existing reservoirs are depleting with time. This has led to the need for exploring new reservoirs which are in the offshore areas and are difficult to drill vertically because of the complex geological structures. Owing to this reason, the oil & gas exploration companies opt for drilling services, which will contribute to the growth of this market in coming years.

The report includes market share analysis, by revenue, of the top companies. The market shares have been identified through various primary and secondary sources, which include annual reports of top market players, interviews with key opinion leaders such as CEOs, directors, and marketing executives.

5 The Middle East Drilling Services Market, By Application (Page No. - 31)
5.1 Introduction
5.2 Demand Side Analysis
5.3 The Middle East Onshore Drilling Services Market, By Country
5.4 The Middle East Offshore Drilling Services Market, By Country

6 The Middle East Drilling Services Market, By Service Type (Page No. - 36)
6.1 Introduction
6.2 The Middle East Drilling Services Market, Service Type Comparison the With Oilfield Services Market
6.3 The Middle East Drilling Waste Management Market, By Country
6.4 The Middle East Directional Drilling Market, By Country
6.5 The Middle East LWD Market, By Country
6.6 The Middle East Contract Drilling Market, By Country

Directional drilling is a technique that involves deviating a wellbore along a planned path to explore oil from a targeted position in typical oilfields. The directional drilling market has witnessed slow growth during the last five years, but is expected to gain momentum in future as there are increasing investments in exploration and production (E&P) activities.

The Middle East drilling services market is witnessing decent growth owing to the increasing energy demand, advancements in technology, and sizable investments around Saudi Arabia, Qatar, and Oman. Saudi Arabia dominates the drilling services market, followed by UAE and Qatar respectively. In terms of services, contract drilling services holds the largest share in the drilling services market. In terms of applications, the market is dominated by offshore applications though the onshore applications are expected to grow as well in future.

This report covers the drilling services market in the Middle East under different types of services, which include contract drilling, directional drilling, LWD, and drilling waste management. The directional drilling service is the second largest segment with a 2.1% market share in 2014. The lucrative and high investment areas in offshore regions, such as Saudi Arabia, Oman, and other countries are driving the growth of the drilling services market.

An in-depth market share analysis, by revenue, of the top companies is included in the report. These numbers are arrived at, based on key facts, annual financial information from annual reports and interviews with industry experts and key opinion leaders, such as CEOs, directors, and marketing executives. Key market players that have established their base in the Middle East drilling services market are Schlumberger Limited (U.S.), Halliburton Company (U.S.), and Baker Hughes, Inc. (U.S.).

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